{"id":565605,"date":"2021-04-19T13:59:04","date_gmt":"2021-04-19T13:59:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/grocery-app-appetito-secures-usd-450k-in-funding\/"},"modified":"2021-04-19T13:59:04","modified_gmt":"2021-04-19T13:59:04","slug":"grocery-app-appetito-secures-usd-450k-in-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/grocery-app-appetito-secures-usd-450k-in-funding\/","title":{"rendered":"Grocery app Appetito secures USD 450k in funding"},"content":{"rendered":"

<\/a> Cairo-based grocery-delivery startup <\/strong>Appetito<\/a><\/strong> has secured USD 450k in seed funding <\/strong>to be put towards its product portfolio expansion, according to a press release (pdf)<\/a>. The round was led by Saudi Angel investor Ahmed Al Alola along with Africa-focused VC Fund Afropreneurs, and MENA-focused VC Jedar Capital<\/a>. Established in March 2020, Appetito is an online platform offering next-day or pre-scheduled grocery and home supply deliveries in Cairo, Alexandria, and Giza. The Egypt-focused startup relies on dark stores \u2014 miniature warehouse-adjacent spaces, whose sole purpose is to pack online orders for delivery to households \u2014 and plans to capitalize on shifting consumer behaviour post covid-19 to secure \u201ca leading position in the global race of grocery delivery,\u201d according to founder and CEO Shehab Mokhtar.<\/p>\n

ALSO IN STARTUP LAND- <\/strong><\/p>\n

** PSA: High-growth, early-state tech startups can now apply to the <\/strong>Falak Startups<\/a><\/strong> accelerator program year-round<\/strong>, after the government-backed accelerator restructured its model, according to a press release (pdf)<\/a>. Falak also raised its ticket size to up to EGP 2 mn for its startups in a bid to bridge the funding gap between seed-stage startups and series A investors, while providing mentorship and support to these businesses. Falak\u2019s accelerator is supported by venture capital firm Egypt Ventures and the International Cooperation Ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cairo-based grocery-delivery startup Appetito has secured USD 450k in seed funding to be put towards its product portfolio expansion, according to a press release (pdf). The round was led by Saudi Angel investor Ahmed Al Alola along with Africa-focused VC Fund Afropreneurs, and MENA-focused VC Jedar Capital. Established in March 2020, Appetito is an online […]<\/p>\n","protected":false},"author":1,"featured_media":565606,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[4226,1986,633,2067,95,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-startup-watch","tag-ahmed-al-alola","tag-appetito","tag-enterprisepm","tag-falak-startups","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"9ebf3652-619e-4412-82ac-05fddb4f947f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/458.jpg","photo_position":"above","related_issue":[565599],"teaser":"","voice_url":""},"yoast_head":"\nGrocery app Appetito secures USD 450k in funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/grocery-app-appetito-secures-usd-450k-in-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grocery app Appetito secures USD 450k in funding\" \/>\n<meta property=\"og:description\" content=\"Cairo-based grocery-delivery startup Appetito has secured USD 450k in seed funding to be put towards its product portfolio expansion, according to a press release (pdf). The round was led by Saudi Angel investor Ahmed Al Alola along with Africa-focused VC Fund Afropreneurs, and MENA-focused VC Jedar Capital. 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The round was led by US VC firm Jedar Capital and featured participation from Ghanaian investment company Golden Palm Investments, Africa-focused VC DFS Lab and a number\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/305.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546894,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/appetito-acquires-tunisian-e-grocer-lamma\/","url_meta":{"origin":565605,"position":1},"title":"Appetito acquires Tunisian e-grocer Lamma","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Cairo-based grocery delivery startup Appetito has acquired Tunisian startup Lamma for an undisclosed sum, it said in a press release (pdf) yesterday. The merger is expected to close by the end of 3Q2022 and will give Appetito access to Lamma\u2019s markets in Tunisia and Morocco.About the companies: Established in March\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/97.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555378,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/grocery-delivery-app-rabbit-raises-usd-11-mn-pre-seed-round\/","url_meta":{"origin":565605,"position":2},"title":"Grocery delivery app Rabbit raises USD 11 mn pre-seed round","author":"enterpriseam admin","date":"11 November 2021","format":false,"excerpt":"Grocery delivery startup Rabbit has raised USD 11 mn in a pre-seed VC funding round, according to a company statement (pdf). Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital and Goodwater Capital all participated in the round, which the Cairo-based company says is the largest-ever pre-seed round in the\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578057,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/appetito-jumlaty-merge-to-become-nomu\/","url_meta":{"origin":565605,"position":3},"title":"Appetito + Jumlaty merge to become Nomu","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"Appetito + Jumlaty tie up: Cairo-based grocery delivery startup Appetito and Saudi Arabia\u2019s Jumlaty have merged to form a new company called Nomu in that they say is a bid to become the region\u2019s leading food-tech supply chain platform, according to a joint statement out yesterday. Neither party released details\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/289.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546942,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/swvl-eyes-new-markets-grubtech-lands-in-egypt\/","url_meta":{"origin":565605,"position":4},"title":"Swvl eyes new markets + GrubTech lands in Egypt","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"Swvl announces expansion plans just days after cutting its workforce by a third: Nasdaq-listed mass transport startup Swvl is planning to start operations in Mexico this month and could kick off in the US during 2H 2022, CFO Youssef Salem told us, confirming a report in Al Mal. 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